Stocks Edge Higher Before US Data, Central Banks: Markets Wrap
This content was published on
(Bloomberg) — Stocks ticked higher after an upbeat forecast from the largest US memory-chip maker helped put the brakes on a tech-driven selloff on a busy day for data and central bank meetings.
Swiss Exports to US Rose as Countries Reached Trade Deal
This content was published on
(Bloomberg) — Switzerland’s exports to the US expanded in the month the Swiss struck a deal to remove outsized American tariffs.
Novartis, Roche Near US Drug Price Deal in Easing of Swiss Trade Tensions
This content was published on
(Bloomberg) — The White House is set to announce drug pricing deals with pharmaceutical heavyweights Novartis AG and Roche Holding AG as soon as Friday, according to people familiar with the situation, further easing trade tensions with Switzerland after a standoff over tariffs.
Swiss Watch Exports Fell in November Before US Tariff Reprieve
This content was published on
(Bloomberg) — Swiss watch exports fell for a fourth month as companies waited for the US agreement to ease punitive import tariffs to take effect.
Wall Street Hit by Tech Rout as AI Winners Tumble: Markets Wrap
This content was published on
(Bloomberg) — Volatility lashed Wall Street, pushing high-valuation technology shares and crypto lower while bonds pared losses after a senior Federal Reserve official signaled room for rate cuts.
Baer Tells Clients With Smaller Accounts to Add Funds or Go
This content was published on
(Bloomberg) — Julius Baer Group Ltd. is telling some clients with lower balances at the bank to increase the amount of funds they invest with the wealth manager or go elsewhere, according to people familiar with the matter.
Swiss Firms Could Get Back Millions in US Tariffs, Parmelin Says
This content was published on
(Bloomberg) — Swiss companies are potentially entitled to claim “several hundred million francs” in tariff refunds from the US because the trade deal between the nations will be applied retroactively, Switzerland’s economy minister said.
Europe’s Property Firms Want to Buy Back Expensive Bonds
This content was published on
(Bloomberg) — European real estate companies have been buying back junior bonds like never before, seeking to get their balance sheets in order after a tumultuous few years.
Markets Are Calling an End to Europe’s Interest-Rate Cuts
This content was published on
(Bloomberg) — Traders are increasingly betting that central banks across Europe are all but done with interest-rate cuts.
Luckin Coffee Is Said to Consider Bidding for Nestle’s Blue Bottle
This content was published on
(Bloomberg) — China’s Luckin Coffee Inc. is considering making a bid for Nestle SA’s Blue Bottle Coffee to boost its brand profile and expand in the premium coffee segment, according to people familiar with the situation.
Stocks Lose Steam After Mixed Bag of Jobs Numbers: Markets Wrap
This content was published on
(Bloomberg) — Signs the US jobs market is sluggish, but not quickly deteriorating saw traders refraining from boosting bets on near-term Federal Reserve rate cuts, with stocks falling and bonds wavering.
European Stocks Drop as US Job Market Cools; Defense Shares Fall
This content was published on
(Bloomberg) — European stocks fell as data showed a continued cooling in the US labor market. Defense stocks dropped after US negotiators offered Kyiv significant security guarantees.
Hermès Heir of Missing-Shares Fame Sets Up Paris Investment Firm
This content was published on
(Bloomberg) — An Hermès heir, whose claim that his shares in the luxury group went missing is an enduring mystery of corporate France, has set up an investment firm.
UBS Gains a Bull as BofA Analyst Sees Top EPS Growth Among Banks
This content was published on
(Bloomberg) — UBS Group AG is set to grow earnings per share at the fastest sequential pace of any bank globally, according to analysts at Bank of America Corp.
LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion
This content was published on
(Bloomberg) — Even with no hurricanes making landfall in the US in 2025, insured losses from global natural catastrophes surpassed the $100 billion mark for the sixth consecutive year, according to an analysis by Swiss Re Institute, the research arm of the reinsurance company.
Wall Street Traders on Hold in Run-Up to Jobs Data: Markets Wrap
This content was published on
(Bloomberg) — The last full trading week of 2025 started with stocks, bonds and the dollar wavering as Wall Street geared up for key economic data that will help shape the Federal Reserve rate outlook.
German Meyer Werft Wins €10 Billion Ship Order From MSC Cruises
This content was published on
(Bloomberg) — German shipbuilder Meyer Werft has clinched an order worth €10 billion ($11.7 billion) through 2033 with Swiss cruise operator MSC Cruises, according to Economy Minister Katherina Reiche.
Switzerland Boosts Growth Outlook for Next Year After Trade Deal
This content was published on
(Bloomberg) — Switzerland lifted the growth outlook for next year on the back of its trade deal with the US, while lowering expectations on inflation after the central bank refrained from further easing.